Francisco Nunes Manager FEI Division MA COMPETE FINEN Partner nr 12 Lisbon September 26 th 2013 Website wwwfineneu Email infofineneu Website wwwfineneu Email infofineneu ID: 189871
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Slide1
Lisbon study visit
Francisco Nunes, Manager, FEI Division, MA COMPETE (FIN-EN Partner nr. 12)Lisbon, September 26th, 2013
Website: www.fin-en.eu
E-mail: info@fin-en.euSlide2
Website: www.fin-en.eu
E-mail: info@fin-en.eu
1.Portugal economic and demographic main characteristics and indicators
3.
Overview: COMPETE and FEI supported by the
MA
2.
Overview: FIN-EN Project
SummarySlide3
Website: www.fin-en.eu
E-mail: info@fin-en.eu
1.Portugal economic and demographic main characteristics and indicatorsSlide4
Website: www.fin-en.eu
E-mail: info@fin-en.euBasic Data
Source: AICEP
(Portuguese Trade & Investment Agency) – Portugal Basic Data – June 2013Slide5
Website: www.fin-en.eu
E-mail: info@fin-en.euEconomic structure
Source: AICEP (Portuguese Trade & Investment Agency) – Portugal Basic Data – June 2013Slide6
Website: www.fin-en.eu
E-mail: info@fin-en.eu
2.Overview: FIN-EN ProjectSlide7
Website: www.fin-en.eu
E-mail: info@fin-en.euFIN-EN Project
INTERREG Project with the objective:
sharing methodologies and intensifying cooperation between EU national and regional authorities, about the best practices, through EU funding, to support FEI for enterprises (without the intervention of EIF)
FEI studied:
risk
capital, guarantees and loans
Participants:
13 institutions
- each representing a different EU Region and Member
State
From 01/01/2012 to 31/12/2014Slide8
Website: www.fin-en.eu
E-mail: info@fin-en.euFIN-EN
Project WBSThematic
Working Groups
TWG1
FEI Programming
TWG3
FEI Monitoring/ Reporting
TWG2
FEI Implementation
Study Visits
(to
enhance
knowledge
sharing
of some participants’ best practices)
Portugal
France
Greece
FEI Life Cycle Macro-PhasesSlide9
Website: www.fin-en.eu
E-mail: info@fin-en.eu3.Overview: COMPETE and FEI supported by the
MASlide10
Website: www.fin-en.eu
E-mail: info@fin-en.eu
COMPETE
Function: Managing support instruments, financed by ERDF
Core business areas:
- FEI;
- Incentives to private investment;
- Incentives to public investment;
- Incentives to R&D;
- Incentives to collective actions.
Aim: Convergence regions (North, Center and Alentejo)Slide11
Website: www.fin-en.eu
E-mail: info@fin-en.euCOMPETE – FEI Division
Primary Role: Management, during its life cycle, of FEI supported by MA COMPETE
FPR – Finance and Risk Sharing
Area of MA COMPETE
Team Structure
Top Management
Franquelim Alves
Piedade Valente
Technical Experts
Ricardo Banha
Marta Simão
Susana Marques
Middle Management
Francisco NunesSlide12
4 VCF
Early
Stages
51
BA Societies
VCF
BA
2 VCF
Corporate
Venture
Capital
10 VCF
Innovation &
Internationa-
lization
3 VCF
Pre-seed
3 VCF
Expansion
Website: www.fin-en.eu
E-mail: info@fin-en.eu
“Equity TYPE” FEI supported
Implemented through Holding FundSlide13
Website: www.fin-en.eu
E-mail: info@fin-en.eu“debt TYPE” FEI supported
Credit Lines “PME Investe”
Credit Line “Investe QREN”
Implemented without HF (separate block of finance)
Implemented through Holding FundSlide14
Website: www.fin-en.eu
E-mail: info@fin-en.euFEI support structure
Actors/instruments
SAFPRI
(FEI national regulation)
Holding Fund (FINOVA)
FCGM
VCF
COMPETE
HF Manager (PME Investim.)
SPGM
ERDF
Instrument
Actor
Funding
BA Program
Credit Lines
VCF Managers
BA Societies
Banks
Front-office
Back-office
Middle-office
Final recipients (SME’s)Slide15
FEI
SME supported
Funding granted
Funding available
VCF / BA Program
111
41M€
381M€
Credit Lines
3.773
1.326M€
459M€
Total
3.884
1.367M€
840M€
Website: www.fin-en.eu
E-mail: info@fin-en.eu
Fei supported – KPI
Only for the
FEI component
co-financed by
MA COMPETESlide16
Website: www.fin-en.eu
E-mail: info@fin-en.eu
http://www.pofc.qren.pt/areas-do-compete/financiamento-e-partilha-de-risco
Francisco Nunes
francisco.nunes@compete-pofc.org